(Wednesday Market Open) After several days of tumbling amid trade war fears, markets look like they’re ready to possibly rebound a little Wednesday. Strength in European and Asian indices overnight could help provide some traction, and a slight pullback in bond prices might indicate more willingness among investors to embrace risk.
At the same time, volatility faded a bit, with the Cboe VIX falling back below 13 after rising above 14 earlier this week.
Despite these positive developments and a rally in pre-market trading, there’s no major change on the trade front that’s helped pin down stocks over the last few days. Maybe after a six-day losing streak for the Dow Jones Industrial Average ($DJI), people are simply engaged in some bargain hunting. Whether this can give the market a lift that lasts is unclear. We shall see.
In a major development r
With earnings mostly reported, outside news could impact markets. Investors might want to take cautious approach when volume is low.
The market appears to still be buzzing over a Hollywood script of a jobs report, but caution might be warranted as the new week begins. A slow news flow could mean volatility.
After a jobs report that basically came in just about perfect, the stock market put on a big rally Friday. Nasdaq set a new all-time high and financials rose nearly 2.5%.
Jobs growth soared in February, climbing more than 300,000 and easily exceeding Wall Street's expectations. Meanwhile, year-over-year wage growth eased a bit, possibly reducing inflation worries.
Tomorrow's payrolls data loom large as the market awaits word on February wage growth. Meanwhile, tariffs, the ECB and some M&A news compete for attention.
Markets look poised to tumble at the open, reportedly prompted by National Economic Council Director Gary Cohn's departure.
Tariff tantrum appears calmer as markets move to higher ground in early going; North, South Korea summit talk might help too.
Tough talk on tariffs tilt markets in early going.
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